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Reliance Power IPO / No Refund, No Allotment after Full Payment

India Review updated:
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Contact information:
Sir,

I have submitted the Reliance Power IPO Bid-cum-Application Form No. [protected] on 17.01.2008 to J.M. Financial, New Delhi with full payment of Rs. 96750 vide ICICI Bank Cheque No. 003266 dated 16.01.2008 and the whole money is debited from my account on 24.01.2008. After listing of the said IPO, No shares is credited in to my D-Mat A/c nor any balance refund credited in to my SB A/c . In this regard I have contacted karvy as well as the bidding center and bidding bank, but no satisfying response is getting from Karvy till date. Here I mention that my money (Rs, 96,750) is debited from my account on 24.01.2008. I am in very much need of my money.

I will provide my all details to you for further action / raise the problem in right platform.


Bid-cum-Application Form No. [protected], Dated : 16.01.2008
Applicant Name : Sanjay Kumar Shrivastava
PAN No. AKUPS9359J
No. of Shares Applied : 225
Amount Paid : Rs. 96750/-
Cheque No. 003266 dated 16.01.08, Branch W-57, G.K.-I, New Delhi
Bank Name : ICICI Bank Ltd.
My Saving Bank A/c No. [protected] (ICICI Bank)

DP-ID : IN 301774 (RELIGARE SECURITIES LTD.)

Beneficiary A/c No. 11314926

NSDL BIDDING NO. : 420679

BIDDING BANK (HDFC) SL. NO. 2953898


Regards,


Sanjay Kumar Shrivastava
A-4/F-2, DLF, Dilshad Extn. 2
Ghaziabad – 201005 (U.P.)
Tel. [protected] / [protected]
0

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Aj
  25th of Feb, 2008
Agree Disagree 0 Votes
Dear Sir/Madam,

I had applied for 225 Shares (Rs.25875=00 against option-I) of Reliance Power Ltd IPO. The application no.is 11342930 dt.18.01.2008. I had applied using ICICI Direct.

The order has been executed from ICICI Direct and amount was withdrawn form my account. but, I have not yet received any alloted shares nor any refund from the company till 25.02.08.

I have also checked on the website of Karvy but it neither shows any allotment details nor any refund order details.

I talked to Karvy so many times and even sent an e-mail to them on 18.02.2008 with all the details, but they are not able to give any answer and only asking me to call after some days.

You are therefore requested to please look into the matter for refund of my money alongwith interest.
With regards
Ajay Singh Kushwaha
Pr
  25th of Feb, 2008
Agree Disagree 0 Votes
Its pathetic response from Karvy... They have blocked our money for last 25 days unnecessarily...

Can anyone please advise to whom shall we lodge the compaint against the Karvy???
Ca
  27th of Feb, 2008
Agree Disagree 0 Votes
My application No for Reliance IPO is 16868280. The client ID is 10467459, IN 300749. I have given these details to Karvy 2 weeks back. I am yet to get my refund amount inspite of calling them up and their answer (wait for another 4 days) . This is the third week I am following up calling from Bombay. I need my money back. Forget the shares.... or anything
Su
  27th of Feb, 2008
Agree Disagree 0 Votes
I have applied for Reliance Power IPO on 16th January 2008 via ICICI Direct website.

Till yesteday, 28th February, I have not received the Refund Order from Karvy.

I mailed them lot of times - every time they say to wait for some more days, as they have sent the Refund Order through Registered Post in the first week of February.

But they dont disclose any other details like the specific number for that particular letter of the registered post.

So it is very difficult to track the letter from my side without any details from Karvy.

Please let me know - how to take action against Karvy.
Sa
  28th of Feb, 2008
Agree Disagree 0 Votes
i had applied for 225 shares of Reliance power Ipo , the form no being 4986164 through a cheque no 617853 through HDFC bank, but i have not been allotted any shares yet and i have not been refunded the balance amount also.

please provide me some help on this matter.
my contact details are 09412079836.
Su
  28th of Feb, 2008
Agree Disagree 0 Votes
which is the number you used to call Karvy fellows? I have not got my refund as well?

What are the next steps you are taking.
Ro
  28th of Feb, 2008
Agree Disagree 0 Votes
Hi All,

I have applied to for the relian e power shares,

But i am not allotesd the shares since the shares which i applied was less.

Till now i didn't get the Refund amount.

i appled through the DD.
Ra
  29th of Feb, 2008
Agree Disagree 0 Votes
Dear Sir,

I had applied for RELIANCE POWER IPO vide Application form No. 45771364 for 225 shares for Rs.25875/- cheque No.474134 dt. 14/01/2008 in the following name-
1.Application Form No. 45771364.
2.Name of the applicant as mentioned in the application form.
Rani Ashok Wadhwani
2.Number of shares applied.- 225
3.Number of shares allotted.- NIL(0)
4. Demand draft no. and date- 474134 Dated 14/01/2008
5. D-mat Ac No. 1302310000077659

3) You are therefore requested to send the refund of the complete amount of Rs. 25875 (Rs.Twenty Five Thousand Eight Hundred and Seventy Five Only)by cheque to be credited in The Akola Janta Commercial Co-operative Bank Main Branch Saving A/c No. 26108 at my correspondence address as given in my application form i.e.

Alsi Plots,
Opposite N.C.C. Office,
Akola - Maharashtra
Ph. No.-0724-2435716
Mob.No. 09422861435

I am in a need of this money and request you to send it as early as it may be possible

Thanking You, Your’s Sincerely

Rani Askok Wadhwani
Mob. No-09422861435
Ra
  4th of Mar, 2008
Agree Disagree 0 Votes
DEAR ALL,

MR. ANIL AMBANI & KARVY COMPUTERSHARE USING YOUR MONEY WELL. YOU DONT WARRY YOUR MONEY IS SAFE WITH KARVY & CREAT AN NICE INTEREST FOR A.D. AMBANI.

YOUR MONEY WILL MAKE RELIANCE STRONGER BECAUSE NO ONE HAVE FOR QUESTION TO A.D.AMBANI ABOUT SMALL INVESTORS.

SEBI, KARVY AND A.D. AMBANI ARE SHARING & ENJOYING INTEREST INCOME GENERATE FROM YOUR MONEY.

SO REMEMBER THAT AND NEVER APPLY IN FUTURE FOR RELIANCE WITH KARVY FOR ANY IPO.
Ss
  13th of Mar, 2008
Agree Disagree 0 Votes
There are lot many people being cheated by Karvy. I am one of the victim. My appln. No. 55864133, paid Rs.47250/- by cheque of ICICI. There is no reply for the mails. On the phone it is always wait for 4 days that to after trying whole day.

I sent many mails & all the details as they required. No response. when shouted on the phone, they are saying a D.D has been sent by registered post on 05/03/08. Till now i have not received any such post, i even equired with the nearby post office.

Such a hopeless service can't they send by courier or speed post.

They are enjoying the public money free of intrest. I will personally go and the concern person and if required take the media along with me.
Pr
  19th of Mar, 2008
Agree Disagree 0 Votes
Hello,

I have not received my refund so far. I am trying to get postal dispatch no for the refund. But for more than month I am not getting any positive response. These people do not answer my queries.They reply same thing again and again.

Could someone help me regarding this.
Let me know if you need more information from me/

IPO Details
RELIANCE POWER LIMITED
Application ID 11830174
Transfer Ref.No 000001984253003

thanks & regards,
Premdutt Gaur
Va
  26th of Mar, 2008
Agree Disagree 0 Votes
hello

non refund of reliance power ipo money, it is now more than a month i have not got any postal response.
we have lots of other committments but because this process my money is stuck. kindly help me in this regard. In karvy website they have given the application no.65997217 micr no.459252 ref order no.2359675 for Rs.18995/- .they have given the dispatch date is on 02-02-2008. but till today i didn't get that. where my money is stuck. kindly help me in this regard,

thanks & regards,

Vandana S
Ra
  26th of Mar, 2008
Agree Disagree 0 Votes
Forgery in allotment of Reliance Power IPO, refund/ allotted to another person: Non refund/ non allocation of Reliance Power IPO


Dear Sir,

I have applied for Reliance Power IPO, following details are appended.

Company Name: Reliance Power IPO, The copy of receipt is enclosed.

Details are again appended below,

Name of Investor : Ram Narayan Agrawal
Application form No. : 5810763
Cheque No.183456 Amount Rs 25875 Bank IDBI Bank Br Gwalior MP
DP ID 13041400 with Reliance Capital Ltd.
Client ID : R0067622
2. As per allotment status of IPO to my application number, the following details are available.



Application No. 5810763
Reference No. 2428384
Dpid IN300476
Client-Id 41657837
Shares Applied 225
Shares Alloted 17
Ref.Ord.No. 1949960
Refund Amount 18, 565.00
Micr No. 58590
Paid Status Paid
Paid Date 15/02/2008
Name ANIL BAHL
Address DD 1 KALKAJI EXT


NEW DELHI
110019
Disp.Date 02/02/2008
Warr.Date 01/02/2008
In case of non - receipt of refund with in 10 clear working days from the date of despatch, please contact your nearest post office.


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4. As per above details You have wrongly allotted shares to another person and refunded also to the wrong person.
5. I request You to kindly rectify the mistake and please refund my money. The details of my D Mat account, appended below.


Demat account details are enclosed.
Ri
  1st of Apr, 2008
Agree Disagree 0 Votes
I had applied for 500 share of reliance power limited wide application no 2951366 attaching cheque no 600410 of state bank of india main branch chandigarh which was got cleared by kotak mohindra bank ltd sector 9 c chandigarh on 18 / 01 / 2008. My a / c id 1202420100055107 with k $ a securities pvt ltd chandigarh. The cheque alongwith application was deposited with k $ a securities ltd till today i have not receieved the shares and neither the refund please help me in getting my refund from the relance power ltd
Su
  1st of Apr, 2008
Agree Disagree 0 Votes
i have not received balance amount till now. co. has allot me 16 shares but not send my balance amount.
Um
  3rd of Apr, 2008
Agree Disagree 0 Votes
jis kisi bhai ko religare securities se koi problem ho ya

uska software ke karan lakho rupes ka nuksan ho gaya ho to wo muzse contact kare apka pura rupeya
milega

its my guarntee
my mobile no is 9329449553

shankaruma2002@yahoo.com
As
  6th of Apr, 2008
Agree Disagree 0 Votes
Karvy Computer is Hyderabad based company working share registar. This is Total fraud company.
They have to not yet send me my Reliance IPO refund since more than 3months. I am trying to contact them but the number is always busy and some time only computer generated message. I am not getting any respond from the company.
This is final notice to Karvy Computer Shares Ltd. Otherwise I will take legal action.

My request to Reliance and other big companies dont give your IPO registarship to such fraud companies.
De
  16th of Apr, 2008
Agree Disagree 0 Votes
Dear Sir/Madam,

I had applied for 225 Shares (Rs.25875=00 against option-I) of Reliance Power Ltd IPO. The application no.is 13407718 dt.18.01.2008. I had applied using Reliance Money demat account.

ICICI cheque was debited from my account and amount was withdrawn from my account. but, I have not yet received any alloted shares nor any refund from the company till 16.04.08

I have also checked on the website of Karvy but it neither shows any allotment details nor any refund order details.

I talked to Karvy so many times and even dispatch documents through First Flight courie dt 19.03.08 and also couple of e-mail sent to them in last one and half months with all the details, but they are not able to give any answer and only asking me to call after some days.

You are therefore requested to please look into the matter for refund of my money alongwith interest.
With regards
Deepak Ramesh Patel
Ra
  23rd of Apr, 2008
Agree Disagree 0 Votes
I applied for 225 share of rel.ipo vide Form Sl.no.8 4833822 through its registrar Karvy. Several emails sent to the comapny and the registrar. Neither shares nor the refund received till date. Request for appropriate steps including compensation for the harrassment and loss of interest
Jy
  28th of Apr, 2008
Agree Disagree 0 Votes
REFUND ORDER NOT RECEIVED.

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